Angeles Wealth Management LLC Acquires New Position in General Mills, Inc. (NYSE:GIS)

Angeles Wealth Management LLC bought a new position in General Mills, Inc. (NYSE:GIS) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 4,130 shares of the company’s stock, valued at approximately $263,000.

Other large investors have also bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new position in General Mills in the 4th quarter worth approximately $26,000. Values First Advisors Inc. bought a new stake in shares of General Mills in the 3rd quarter worth $27,000. Planning Capital Management Corp raised its stake in shares of General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of General Mills during the fourth quarter valued at $38,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of General Mills during the third quarter valued at $44,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the transaction, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the transaction, the director now directly owns 23,013 shares in the company, valued at $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GIS shares. Wells Fargo & Company decreased their target price on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price objective on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Citigroup decreased their target price on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Finally, TD Cowen dropped their price target on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.13.

General Mills Price Performance

Shares of GIS stock opened at $58.06 on Tuesday. General Mills, Inc. has a twelve month low of $57.85 and a twelve month high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The stock has a fifty day simple moving average of $62.31 and a two-hundred day simple moving average of $67.15. The stock has a market capitalization of $32.00 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 3.82 and a beta of 0.10.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. During the same period last year, the company posted $1.25 earnings per share. General Mills’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that General Mills, Inc. will post 4.4 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.13%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

General Mills Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.